It's for established UK property businesses wanting a flexible bridging solution from £26,000 to £2M that own at least 1 or more commercial properties, which includes buy-to-lets.
The facility operates in one of two ways.
Firstly, as a replica of a second charge bridging loan - but where a much higher than standard LTV is required.
Secondly, as an exact replica to a normal bank overdraft which helps flatten out the peaks and troughs of late rental payments and can allow the release of funds to carry out repairs and improvements.
It's a fact that most property businesses suffer shortages of cash from time to time.
This in itself can be caused by late or missed payments by tenants, long voids or costly repairs and refurbishments.
Cash could also needed to either refurbish existing stock or complete an existing development.
Portfolio Builder allows the property entrepreneur to smooth out the peaks and troughs, and where possible take advantage of market opportunities.
A prompt funding decision is made by an experienced professional team of underwriters. They have a personal approach and you can even apply over the phone.
It's added on a daily basis.
Companies or individuals with commercial property experience.
Eligibility Criteria. See below.
Our phone lines are open 24 hours a day, seven days a week.
One of the team will be in touch.